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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Snowshoe who wrote (123324)8/16/2009 5:32:58 AM
From: elmatador  Read Replies (1) of 206085
 
Gabrielli is seeking to cut costs for equipment including rigs and metals by as much as 40 percent after oil prices more than halved from a record $147.27 a barrel in July 2008. The cost of goods sold fell about 28 percent to 24.6 billion reais in the quarter and Gabrielli said this year he wants to ”squeeze” suppliers.

bloomberg.com
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